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Tesoro Logistics Breaks Above 200-Day Moving Average - Bullish for TLLP
By: BNK Invest
In trading on Friday, shares of Tesoro Logistics LP (Symbol: TLLP) crossed above their 200 day moving average of $55.68, changing hands as high as $56.55 per share. Tesoro Logistics LP shares are currently trading up about 2.2% on the day. The chart below shows the one year performance of TLLP shares, versus its 200 day moving average:
Looking at the chart above, TLLP's low point in its 52 week range is $45.13 per share, with $71.92 as the 52 week high point - that compares with a last trade of $56.08.
According to the ETF Finder at ETF Channel, TLLP makes up 6.44% of the Junior MLP ETF (Symbol: MLPJ) which is trading up by about 0.9% on the day Friday.